New Asda owners have to allay concerns over higher UK fuel prices to avoid probe
Purchase of a majority stake from Walmart could affect some parts of the country, says competition body
20 April 2021 - 17:51
London — Britain’s Issa brothers and private equity group TDR Capital must address the competition regulator’s concern that their purchase of the Asda supermarket chain could lead to higher fuel prices to avoid the deal being referred for an in-depth probe.
The Competition and Markets Authority (CMA) said on Tuesday that Zuber and Mohsin Issa and TDR’s purchase of a majority stake in Asda from US giant Walmart could lead to higher petrol prices in some parts of the UK...
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